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“INSPERIENCES” So What's Driving the Home-Upgrading and INSPERIENCE Trend? Well, Try One Or More of the Below

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“INSPERIENCES” So What's Driving the Home-Upgrading and INSPERIENCE Trend? Well, Try One Or More of the Below “INSPERIENCES” So what's driving the home-upgrading and INSPERIENCE trend? Well, try one or more of the below: INTRODUCTION "In a consumer society dominated by experiences in the (semi) public domain -- often branded, designed, themed and curated to the nines -- INSPERIENCES represent consumers' desire to bring top-level experiences into their domestic domain." Rampant individuality: we are all MASTERS OF THE YOUNI- • VERSE, our homes turning into highly connected, sophisticated Consumers becoming participants. Creation more valued than control and entertainment centers. consumption. Two-way relationships. Yes, there IS a shift going on. Don't get us wrong, though: this is a parallel world. One-way • Post 9/11 insecurity: 'let's stay in and invite some friends' says it all. consumerism is still alive and kicking. We may all dream of being MINIPRENEURS on Saturdays and members of GENERATION C • Convenience: consumers are still time-starved, so having or on Wednesdays, yet find ourselves doing some serious shopping doing *anything* at home means not having to venture out, for the BEST OF THE BEST on Thursdays. which saves time. Recap • Unheard-of levels of prosperity for hundreds of millions of MASS You know about 'cocooning' (the need CLASS members from Sao Paulo to Singapore to San Francisco, to retreat from the harsh realities of and ever-higher demands for comfort and quality from mature life, which was big in the 80s and and experienced consumers. (Americans alone spend more than 90s), and you may have studied USD 125 billion annually on remodeling their homes!) The global 'Home Haven' and 'Hiving' concepts; standard is now the BEST OF THE BEST, and preferably the you may even have visited one of BEST OF THE BEST from the professional world. those 'Homes of the Future', with talk- ing fridges and annoying robots doing The INSPERIENCE trend isn't slowing down. In fact, we're spot- their Jetsons spiel. ting more and more innovations, new business ideas, new busi- ness concepts capitalizing on this phenomenon. So, as 'in the Fact is, consumers' homes are and comfort of one's own home' takes on an entirely new meaning, will forever be their castles, cocoons, here's a new round of our latest and greatest INSPERIENCE ob- most prized possessions, which servations (for earlier spottings, please go here): means spotting new domestic trends, before others do, could net you seri- ous bucks, euros, pounds and yens. So the big thing in the world of domes- tic bliss right now? How about re- creating experiences from the outside world into INSPERIENCES for the home? Mind you, INSPERIENCES will be as much about extending these experiences as flat out replacing them: consumers will still choose to visit a 'real' Crunch gym on the weekend, they will still hang out in bars with friends, they will still stay in hotels, and they will still come to the office for meetings and human contact. www.trendwatching.com 1 / 10 1. Specialty rooms and spaces Consumers with space to spare* are installing 'specialty rooms and spaces' like there is no tomorrow: think home theaters, game rooms, exercise rooms, outdoor living areas (with every comfort and all possible technology), dance rooms, basketball courts, yoga rooms, home spas, bar rooms, and so on. Check out: * From empty nesters and baby boomers finding a new purpose for vacant rooms instead of selling their 4 BR homes, to the in- crease in second or even third home ownership -- there are 6.6 US-based Magnolia, a division of BestBuy, is turning the art of million second homes in the US, and roughly 10% of all EU installing home theatres (from reclining seats and huge screens to households own a second dwelling. sophisticated sound systems) into a branded, nation-wide busi- ness: "Magnolia is the new service that will customize your home Home Theaters theater [i.e. tell you exactly what to buy] and make it all work to- gether [i.e. come to your house and hook it all up]". There are cur- rently 70 Magnolia store-in-stores in BestBuys across the US, targeting a massive market: according to the National Association of Home Builders, 36 percent of people building new homes want a media room, with the majority spending USD 5,000-55,000 (EUR 4,125-41,250/GBP 2,840-28,400) on their systems. Interna- tional expansion sounds like a no-brainer. No home theater is complete without theater style seating: Hawai- ian Lomi peddles the Ultimate Home Theater Series, a line of The battle for the living room is on! From electronics giants like massage chairs and accessories. Think E-Motion massage chairs Philips, Sony and Samsung to Google's new video store, every- and center tables with built-in cup holders and storage space. one is rushing to market to help shape and own the future of home entertainment (read: turning living rooms if not entire homes into private cineplexes). Which means that consumers looking to intertain (grand)children, friends and themselves, now really DO have everything at their fingertips to install true home theatres. Whether it's movies or the Super Bowl in the US, or the World Cup in the EU, 2006 sure looks like a stellar year for big scale, audio visual INSPERI- ENCES. Check out the following related new business ideas: And no movies without popcorn, either! The A1 Home theater popcorn popper serves up professional-grade popcorn from a popper with contemporary silver-and-black styling, and optional cart to complete the theater look. www.trendwatching.com 2 / 10 Home Elevators Wine Rooms How about INSPERIENCES for (aspiring) oenologists? To relive the Ideal for aging boomers, or UBER PREMIUM addicts who want intoxicating part of that three Michelin star experience, and out-do the same convenience as experienced in commercial buildings: everything else, consumers turn to GE's Monogram Walk-In Wine home elevators! Daytona Elevator installs two-stop pneumatic Vault, a 7-by-8 foot computerized wine chamber, which lets users vacuum elevators (which means they use suction) for USD keep track of their inventory online. The vault holds as many as 975 20,000-22,000 (EUR 16,500-18,150/GBP 11,350-12,495) per lift. bottles, and costs USD 30,000 (EUR 24,750/GBP 17,000). For even bigger McMansions, Access Elevators will charge USD 26,000 to 28,000 for a cherry panel, accordion-style gate, three- There's also a MASSCLUSIVITY edition: a 57-bottle under-the- stop elevator. Consumers more interested in maple/walnut wall counter wine refrigerator. The stainless-steel fridge (USD 1,999- panels are served by Waupaca Elevator's three-stop hydraulic 2,999/EUR 1,650-2,475/GBP 1,120-1,680) has a "privacy glass" lifts. The next must-have necessity? door that turns from clear to opaque with the push of a button. Private Rooms Competition comes from the Liebherr WS 4600 Wine Cabinet. For beer-soaked INSPERIENCES, see our products and services spottings below. Add this monster to your INSPERIENCE slash gaming slash inter- tainment watch-list: Yamaha's Entertainment MyRoom. The room, well, box, contains a soundproof 2.5 square meter area for playing noisy games, listening to music, working and studying, or just 'be- ing'. Originally designed for professional musicians, it comes com- plete with two power inputs, a ventilation fan, optional windows and an internal lock. Why rent a sound studio or hang out at BE- ING SPACES if you can have one at home? www.trendwatching.com 3 / 10 2. Products and Services Are your customers literally not living that large (from urban warri- ors in Manhattan to aspiring members of the middle class in South Korea)? Here are some 'previously-only-available-in-the-outside- world-or-professional- flavor' goods and services that may trans- form even the tiniest of apartments into INSPERIENCE centers: Services | Stop-by Entertainment More pampering: spa AND space-starved INSPERIENCE seekers in Southern California can have Spa On Location stop by: it's a mobile spa in the form of a 36-foot RV that parks in front of cus- tomers' homes. The on-board treatment center provides massage therapy, facials, manicures, and pedicures. A minimum 4-hour treatment is charged at USD 1,250 (EUR 1,030/GBP 700), which leaves open a market for more modestly-prized alternatives. There's more than a hint of POP-UP RETAIL in here as well. Products | Beer Taps • What about REAL home theater shows? In November 2005, Polish Teatr Rozmaitosci, located in Warsaw, started performing their play 'Mleko' ('milk') in customers' living rooms or kitchens, during lunch time or in the evenings. The cost of a living room play is PLN 500 (EUR 150/USD 182/GBP 103). (Spotted by Michal Sobczyk, Springspotter Network.) So whatever happened to professional home beer taps for con- sumer customers, which we first covered in 2004? Well, they took off big time, and are set to become even bigger with a soccer- obsessed summer in Europe kicking off on June 9th. Numbers? First movers Krups/Heineken sold more than 150,000 BeerTenders in The Netherlands alone, while 1,4 million refriger- ated 5 liter kegs found their way to INSPERIENCE minded con- sumers. Beer brands available are Heineken, Amstel, Brand, Wieckse Witte, Gosser, and Zipfer. Competition has recently emerged in the form of Perfect Draft, a Philips-Interbrew home tap, sold in The Netherlands, Germany, Luxembourg, and Belgium. More than 45,000 taps have been sold in the Benelux. Brands available: Dommelsch, Hertog Jan, Grolsch, Bavaria, Jupiler, Stella Artois, Diekirch, Becks, Diebels, Dinkelacker, and Hasseröder.
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